CMA nods to 20% Nomu stake sale of Al-Rahden

29/12/2025 Argaam- Nomu
Logo ofAl-Rahden Co.

Logo of Al-Rahden Co.

The Capital Market Authority (CMA) announced today, Dec. 29, its board of directors’ approval of Al-Rahden Co.’s request to register and float 3.52 million shares on the Nomu-Parallel Market.

 

The stake represents 20% of the company’s 17.6 million share capital, the market regulator said in a statement.

 

The offer will be confined to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules. The prospectus will be published within sufficient time prior to the IPO start.

 

The CMA confirmed that its approval is valid for six months. It will be deemed void if the share offering and listing are not completed within this period.

 

Founded in 1990, the company specializes in diversified laundry and cleaning services for apparel and furnishings, with a widespread branch network throughout Saudi Arabia.

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